GWG accounting

A sideblog for the accounting stuff I feel like posting.

[ubercharge]

taxes waifu robot white collar yuri ?? please enjoy ..

[ubercharge]

colours as a treat

[comicsiswild]

The Punisher (1987) #26

its tax day

[gwgaccountant]

Don't be like Frank Castle!

[gwgaccountant]

Why would you have 24 hours left? Dawn doesn't happen at midnight!

[gwgaccountant]

17 hours remain to file your 2025 tax return.

[cianur0]

Reminder.

[tax--payer]

Tony Hawk's Pro Skater for Girls

[gwgaccountant]

Should you really be playing Tony Hawk's Pro Skater for Girls at a time like this, tax--payer? You know April 15th is tomorrow, right?

[kittynoct]

i legit overheard this when i was in class

kakashi: (muffled voice) how do i save my file teacher: what? i cant hear you kakashi: (takes off mask) how do i save my file

[salenathesource]

Who is kakashi

[kittynoct]

kakashi from accounting class

[kittynoct]

i saw kakashi in accounting class

[agtprpnabsrdty]

US stock markets bled out $1.3 trillion in a single day.

[evil-jennifer-hamilton-wb]

How do I see a headline like this every day

Surely if the market is losing trillions ever day it would be a bigger thing than this. Global economic collapse. Idkf

I don't understand where all these trillions of dollars are going

[gwgaccountant]

(puts on economist glasses over my prescription glasses)

In principle, a stock's price is based on investors' estimates about its future value. (Theoretically the value of its future dividends, but I'm not principled enough to pretend investors expect Amazon to break its streak of not paying dividends.) In principle, a stock price is equal to the present value of future dividends ("present value" being a whole other topic, but TL;DR a dollar today is worth more than a dollar tomorrow) plus the present value of its future sale price.

In principle, a company's stock price stays steady if investors expect it to continue paying reliable dividends at a steady rate (and to maintain a steady price). That price isn't tied to the value of a corporation's assets (or liabilities), but to the confidence investors have that the company will continue paying reliable dividends for the foreseeable future.

In principle, a massive drop in stock prices across the whole market means that investors have lost faith in the economy's ability to produce reliable dividends in the future. Some companies may go bust before they can afford another round of dividends, which incidentally makes any shares in them null and void; others may continue, but with less revenue to spare for dividend payments.

In layman's term, most of the stock market's value comes from stockbrokers and the like guessing how much money things will be worth in the future. And when they realize they're wrong, the market crashes.

[evil-jennifer-hamilton-wb]

so then why isn't the market crashing?

[gwgaccountant]

[evil-jennifer-hamilton-wb]

this has been happening every few days for the past several months though. and yet it does not feel like the status quo of the market has meaningfully changed to me (a laywoman)

[gwgaccountant]

I'm not an expert economist, and I don't pay much attention to financial news. (Maybe I would if I had a retirement account or something, but...this seems like a bad time to start one.)

At a glance, it looks like the stock market isn't doing as badly as it was in e.g. the '08 crash? Maybe it's a flash in the pan that will sort itself out before the physical economy is meaningfully affected. Or maybe it's just the first part of a long-term decline in stock prices.

I can give you basic economic theory, but not financial advice.

[agtprpnabsrdty]

US stock markets bled out $1.3 trillion in a single day.

[evil-jennifer-hamilton-wb]

How do I see a headline like this every day

Surely if the market is losing trillions ever day it would be a bigger thing than this. Global economic collapse. Idkf

I don't understand where all these trillions of dollars are going

[gwgaccountant]

(puts on economist glasses over my prescription glasses)

In principle, a stock's price is based on investors' estimates about its future value. (Theoretically the value of its future dividends, but I'm not principled enough to pretend investors expect Amazon to break its streak of not paying dividends.) In principle, a stock price is equal to the present value of future dividends ("present value" being a whole other topic, but TL;DR a dollar today is worth more than a dollar tomorrow) plus the present value of its future sale price.

In principle, a company's stock price stays steady if investors expect it to continue paying reliable dividends at a steady rate (and to maintain a steady price). That price isn't tied to the value of a corporation's assets (or liabilities), but to the confidence investors have that the company will continue paying reliable dividends for the foreseeable future.

In principle, a massive drop in stock prices across the whole market means that investors have lost faith in the economy's ability to produce reliable dividends in the future. Some companies may go bust before they can afford another round of dividends, which incidentally makes any shares in them null and void; others may continue, but with less revenue to spare for dividend payments.

In layman's term, most of the stock market's value comes from stockbrokers and the like guessing how much money things will be worth in the future. And when they realize they're wrong, the market crashes.

[evil-jennifer-hamilton-wb]

so then why isn't the market crashing?

[gwgaccountant]

[agtprpnabsrdty]

US stock markets bled out $1.3 trillion in a single day.

[evil-jennifer-hamilton-wb]

How do I see a headline like this every day

Surely if the market is losing trillions ever day it would be a bigger thing than this. Global economic collapse. Idkf

I don't understand where all these trillions of dollars are going

[gwgaccountant]

(puts on economist glasses over my prescription glasses)

In principle, a stock's price is based on investors' estimates about its future value. (Theoretically the value of its future dividends, but I'm not principled enough to pretend investors expect Amazon to break its streak of not paying dividends.) In principle, a stock price is equal to the present value of future dividends ("present value" being a whole other topic, but TL;DR a dollar today is worth more than a dollar tomorrow) plus the present value of its future sale price.

In principle, a company's stock price stays steady if investors expect it to continue paying reliable dividends at a steady rate (and to maintain a steady price). That price isn't tied to the value of a corporation's assets (or liabilities), but to the confidence investors have that the company will continue paying reliable dividends for the foreseeable future.

In principle, a massive drop in stock prices across the whole market means that investors have lost faith in the economy's ability to produce reliable dividends in the future. Some companies may go bust before they can afford another round of dividends, which incidentally makes any shares in them null and void; others may continue, but with less revenue to spare for dividend payments.

In layman's term, most of the stock market's value comes from stockbrokers and the like guessing how much money things will be worth in the future. And when they realize they're wrong, the market crashes.

[midnightssea]

Why do I kind of want them to. They have the opportunity to do the funniest thing.

[greatwyrmgold]

Speaking as a random person on the internet, that would be hilarious.

Speaking as an accountant: I've got a few clients who named their son after his father, and disambiguating between Sr. and Jr. is always a pain, especially since most of their tax forms do not. Having three Taylors with the same name in the same family sounds like a headache for anyone who has to do paperwork about Taylor Lautner and Taylor Lautner and Taylor Lautner.

[thetroubleiveshot]

#while this was on the queue one of our existing clients (call him Senior) came in with tax documents for his son Junior#(in reality they have the same name. down to the middle initial.)#and Junior's only income is a W-2 from the same company Senior works at#and a property Senior and Junior co-own

[gwgaccountant]

We've got that situation under control this year, but I do worry about next year.

[bullrunpicnicker]

[im-not-sure-what-im-doing-69-de]

The she-ra team everybody

[gwgaccountant]

I don't think the IRS has jurisdiction over Etheria. Unless Entrapta is a US citizen, of course.

[goldenmotive]

Luke! The real reason I keep you updated on my work status is so you'll know enough to do my taxes next year. You can tell me what "balances out" and what to "write off"

this is how tumblr can become the next myworkday

[goldenmotive]

i'm getting a live update - they're adding a new tax deduction for distinguished young women whose posts further niche webserial culture. let me see if you qualify

[goldenmotive]

so they are going to put you down

[gwgaccountant]

None of this is true.

[gwgaccountant]

Everyone's always talking about the Ides of March, but for most Americans it's the Ides of April you need to watch out for.

[cottoncandy-icedcream]

The taxpayer in me wants to laugh at this but the Latin student in me wants to say that the ides of April is actually April 13th

[pachycephalosauria]

[gwgaccountant]

What part of this is Homestuck-ey??

[gwgaccountant]

Everyone's always talking about the Ides of March, but for most Americans it's the Ides of April you need to watch out for.

[cottoncandy-icedcream]

The taxpayer in me wants to laugh at this but the Latin student in me wants to say that the ides of April is actually April 13th

[greatwyrmgold]

Wait, really?

(research noises)

For most Americans, it's the festival of Fordicidia you need to watch out for.

[gwgaccountant]

The festival of Fordicidia approaches once more...

[gwgaccountant]

I don't want to get personal. But I'm very frustrated with one specific client who spent about an hour arguing about whether they need to report cash sales if they just stuck the cash in a bag at home and didn't "pay themself".

And they had the guts to call themself well-organized after admitting that they didn't even keep track of the cash sales...